DC Advisory advises InfraBridge (previously AMP Capital) on the sale of its four assets

Background

• AMP Capital was rebranded as InfraBridge after it was acquired by the DigitalBridge Group (NYSE: DBRG), in February 2023 in a transaction valued at $316 million
• InfraBridge is a mid-market infrastructure manager focusing on transport, logistics, digital infrastructure and energy transition
• Managing $8.9bn in infrastructure equity assets and $5.1bn in fee-earning AUM, InfraBridge oversees 15 portfolio companies employing over 23,200 people. The firm targets mid-market assets ($100-500m equity)
• InfraBridge managed the Irish state-backed Infrastructure Investment Fund (IIF). The IIF comprised four assets: the Convention Centre Dublin, the telecom towers business Towercom, the healthcare firm Valley Healthcare and the Speed Fibre Group

Process

• DC Advisory advised InfraBridge on the sale of the IIF’s four assets: the Convention Centre Dublin, Towercom, Valley Healthcare and the Speed Fibre Group
• John Laing acquired Towercom, Valley Healthcare and the Convention Centre Dublin in a portfolio transaction
• Cordiant acquired Speed Fibre Group in a separate transaction
• DC Advisory co-advised with Jefferies on this transaction, running a competitive multi-phase process with IBI focusing on the Convention Centre Dublin and Valley Healthcare assets

Outcome

• In December 2022, the IIF sold three of its four assets to UK infrastructure investor John Laing. These assets include the Convention Centre Dublin, Towercom and Valley Healthcare
• In October 2023, Speed Fibre Group was sold to UK based Cordiant Digital Infrastructure for €190.5m
• This transaction highlights DC Advisory’s extensive experience in the Infrastructure sector